Use economics to explain why diamonds are more expensive than water when water is necessary for survival

Question:

Use economics to explain why diamonds are more expensive than water when water is necessary for survival and diamonds are not.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

Question Posted: